Social Studies
Social Studies, 02.06.2020 01:59, garysingh7

Why do prices increase when demand for a product is high?

Companies know they can make more money by selling fewer products at higher prices.
O Companies know that people will be willing to spend more to get an in-demand product.
Companies take advantage of the demand to make people spend more money on excess products.
Companies know they can stop production and still make money on sales.

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Why do prices increase when demand for a product is high?

Companies know they can make...

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